Carbonite, a provider of data protection solutions for small and midsize businesses (SMBs), has acquired Double-Take Software, an affiliate of Vision Solutions, Inc. and Clearlake Capital. The company says the acquisition enhances its existing suite of data protection solutions with high availability technology that minimizes downtime.
The aggregate purchase price for Double-Take Software was $65.25 million, comprised of $59.75 million in cash and $5.5 million in Carbonite common stock, representing approximately 332,000 shares. Of the $59.75 million in cash, $20.55 million was funded with cash on hand and $39.2 million was funded through a revolving credit facility at Silicon Valley Bank. The transaction closed on January 31, 2017. Barclays acted as financial advisor to the company.
Double-Take High Availability (HA) solutions are available for both Windows and Linux, and are targeted at helping keep businesses running in the face of ever-increasing cyber-threats, disasters, and technology failures. Together with Carbonite’s portfolio of cloud and hybrid backup and disaster recovery solutions, Carbonite says it will now address the data protection needs and uptime requirements of all midsized and small businesses.
As part of the acquisition, the products being added to the Carbonite solution suite include Double-Take High Availability which provides replication of applications and data, in real time, from physical, virtual and cloud servers; Double-Take Disaster Recovery for failover between a primary and secondary or cloud location in an emergency; Double-Take Move to handle scheduled moves of systems from one location to another; Double-Take Cloud Migration for planned migration from MS Windows to Amazon, Azure or Google clouds; and Double-Take SQL Migration for migrating and upgrading Microsoft (SQL Server).